Update on SelinaSelina's farming business has been doing well. She has managed to open a clothing shop from the proceeds. She has also successfully paid off her previous loan.
This is Selina's fourth loan of KES. 90,000 that will be used to restock her clothing stall and buy animal feed. She will use the increased proceeds to continue with her farming business and expand her clothing stall.
Her dream is to attain financial stability and educate her children.
Previous Loan DetailsSelina is 38 years old and married to Elijah. They are blessed with three children, ages 14, seven, and two. She has been in business for five years and earns KES 30,000. She has applied for her third loan from KADET LTD. She will use the loan to buy more animals to sell. The profit she makes… More from Selina's previous loan »
About VisionFund KenyaVisionFund Kenya is dedicated to economically empowering its clients by providing financial services to improve living conditions of micro-entrepreneurs and their children across Kenya. VisionFund Kenya is the microfinance subsidiary of World Vision Kenya. Obtain more information on VisionFund Kenya from its website.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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Success!! The loan was 100% repaid